Top Italian Mortgage is an italian credit brokerage company, highly specialized in banking mortgage applications for non-italian, residing abroad and having foreign incomes clients.
We can work together to obtain the best solutions for you and optimize your chances to get a mortgage in Italy, to buy or renovate a property
WHO CAN BE FINANCED?
- Natural persons but not companies
- Residents all over the world
- Incomes from self and dependent employment
- Incomes currency: EUR, GBP, USD, CAD, AUD, SGD, HDK, DKK, NOK, SEK, CHF, JPY.
- Possibility to evaluate other currency at the discretion
WHAT CAN BE FINANCED?
PURCHASE OF FIRST OR HOLIDAY HOME
- Property which is habitable and in order with all the necessary permits
- 60% of the purchase price
- MAX duration: 25 years
RENOVATION OF FIRST OR HOLIDAY HOME
- Needed: cost estimates and building permits
- MAX 60% of the renovation price
- Mortgage disbursed in lump-sum payment or in several tranches following the works’s percentage of completion
ACCEPTANCE CRITERIA
- Max DTI ratio (debt to income): 30%
- Max age: 75 years at the end of the mortgage duration.
- MAX duration: 25 years
- Opening of a bank account in the lender bank
- Transfer of your own money aimed at paying the remaining purchase price in the Italian account before the signature of the contract.
- Translation of the income documents (Italian). Some banks require the legalization of these papers
TYPES OF MORTGAGE
- French Amortisation Plan (unvaried instalment including interests and principal payment)
- Fixed Rate (MAX 20 years) and Variable Rate
- NO penalty in case of early payment, for both Fixed Rate and Variable Rate mortgages
